PARIS (Reuters) -Saudi startup Riyadh Air is set to place a firm order for 25 Airbus A350-1000 jets, industry sources said. The airline, previously reported to be considering buying up to 50 jets, will finalise the order at next week’s Paris Airshow, where fellow Public Investment Fund subsidiary AviLease is also seen as close to …
Riyadh Air to order 25 Airbus A350 jets at air show, sources say Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -To bring electronic scrap and other waste from across the European Union to its Belgian recycling plant, materials group Umicore can spend at least a month tackling a complex array of national shipment rules. The problem is not just Umicore’s as businesses across Europe grapple with internal obstacles that can …
Analysis-Tariffs could be the spur Europe’s single market needs Read More »
TOKYO (Reuters) -Japan’s Nintendo said on Wednesday it had sold more than 3.5 million Switch 2 units in the first four days after its launch, making the console the company’s fastest-selling gaming device to date. Last month, the Kyoto-based company forecast Switch 2 sales would reach 15 million during the current financial year ending next …
Nintendo Switch 2 smashes record as company’s fastest-selling console Read More »
By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today I’m excited to announce that I’m now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X. After all …
By Agnieszka Olenska and Jesus Calero (Reuters) -Danish hearing solutions provider Demant will buy Germany’s Kind Group for 700 million euros ($799 million), it said on Wednesday, marking the company’s largest acquisition to date and sending its shares up 5%. WHY IS IT IMPORTANT? Demant’s Kind acquisition is seen by analysts as part of a …
Demant expands in German through 700 million euro Kind deal Read More »
ROME (Reuters) -Extreme weather due to climate change may cost Italy more than 5% of GDP in 2050, the country’s budget watchdog said on Wednesday, adding that global action to reduce carbon emissions could significantly reduce the impact. In recent years, floods have devastated cities across Italy killing dozens of people and causing billions of …
Climate change could cost Italy over 5% of GDP in 2050, budget watchdog says Read More »
FRANKFURT (Reuters) -The European Central Bank will cut red tape for banks in areas such as buybacks and new appointments, but lenders should not expect wholesale deregulation, the ECB’s top supervisor Claudia Buch said on Wednesday. The ECB is facing growing calls from banks to ease the supervisory burden it places on them, as U.S. …
ECB to cut red tape for banks but don’t expect ‘Big Bang’, Buch says Read More »
MOSCOW (Reuters) -A lower price cap for Russian oil proposed by the European Commission to punish Moscow for its war in Ukraine will not contribute to the stabilisation of global energy markets, Kremlin spokesman Dmitry Peskov said on Wednesday. The European Commission on Tuesday proposed to lower the Group of Seven nations’ price cap on …
Kremlin says EU-proposed lower Russian oil price cap is not helpful for global markets Read More »
MOSCOW (Reuters) -A Russian court on Wednesday postponed legal proceedings by more than nine months in a $2.9 billion lawsuit filed by Russia’s Rosatom against Finland’s Fortum and Outokumpu, court filings showed. State-controlled nuclear energy firm Rosatom is seeking 227.8 billion roubles ($2.9 billion) in compensation for losses over the termination of a contract for …
Russian court postpones hearing in $2.9 billion Rosatom-Fortum dispute until March Read More »
By Jagoda Darlak and Elviira Luoma (Reuters) -Finnish stainless steel maker Outokumpu is targeting long-term earnings improvement of 250 million euros ($285 million) for 2026-2030, it said ahead of its investor day on Wednesday. The company, which produces stainless steel from recycled stainless scrap, said its new strategy will prioritise growth investments and expansion into …
Outokumpu targets 250 million euro earnings improvement in 2026-2030 Read More »
